Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Purchased by Creative Planning

Creative Planning increased its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,601 shares of the company's stock after buying an additional 3,829 shares during the period. Creative Planning owned about 0.12% of Hamilton Lane worth $11,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Covestor Ltd raised its holdings in shares of Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company's stock valued at $34,000 after acquiring an additional 298 shares during the last quarter. Quarry LP lifted its holdings in Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company's stock valued at $38,000 after purchasing an additional 234 shares in the last quarter. Signaturefd LLC boosted its stake in Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company's stock worth $78,000 after purchasing an additional 73 shares during the last quarter. CWM LLC boosted its stake in Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after purchasing an additional 100 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company's stock worth $86,000 after buying an additional 358 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Trading Down 1.2 %

HLNE stock traded down $2.14 during midday trading on Wednesday, hitting $175.64. 252,118 shares of the company's stock were exchanged, compared to its average volume of 312,577. The stock has a market capitalization of $9.49 billion, a PE ratio of 47.60 and a beta of 1.19. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. Hamilton Lane Incorporated has a 1-year low of $79.13 and a 1-year high of $181.96. The business has a 50-day simple moving average of $160.79 and a two-hundred day simple moving average of $136.84.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $196.73 million for the quarter, compared to analysts' expectations of $149.84 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. On average, sell-side analysts predict that Hamilton Lane Incorporated will post 4.88 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were issued a $0.49 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.12%. Hamilton Lane's dividend payout ratio (DPR) is presently 53.12%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HLNE shares. UBS Group boosted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research report on Tuesday. The Goldman Sachs Group upped their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped their target price on Hamilton Lane from $120.00 to $134.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Finally, Morgan Stanley lifted their price target on Hamilton Lane from $140.00 to $182.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hamilton Lane presently has an average rating of "Hold" and a consensus price target of $160.50.

Hamilton Lane Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.